Hogan Companies Continue Expansion into Baltimore Area with Sales of Bank-Owned Development Projects

Larry Hogan, President and CEO of the Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company has continued to ramp up its activities in Baltimore County, Maryland and that the firm has recently brokered the sale of two more bank-owned subdivisions on the west side of Baltimore County. The Marriott-Kirk and Hunsinger Estates subdivisions, both in Randallstown, closed in December 2011 and January 2012, respectively.

Jake Ermer, a Vice President of the Hogan Companies, worked directly with the sellers, who were both lenders, in order to complete the sales with investor and homebuilder purchasers. These transactions mark Ermer’s second and third successful sale of bank owned subdivisions on the west side of Baltimore County, having previously brokered the sale of the Greenfield subdivision currently being built out by Ryan Homes.

Ermer, a native of Baltimore County, said “The Hogan Companies have proven themselves invaluable to land sellers and buyers around the State for over 25 years, and I am proud to head up our team’s increasing operations within the greater Baltimore area.”

Larry Hogan added “These latest closed deals represent just a fraction of our active pipeline in Baltimore and Harford Counties, which contains tens of millions of dollars in transaction volume and thousands of proposed housing units”.

The Hogan Companies is the leading land firm in the State of Maryland, has been responsible for the sale of more than 40,000 acres, and assists numerous lenders with the disposition of assets.